Tuesday, April 13, 2010

Well, things are looking up a bit. May will be a big income month for us. My husband will get an extra paycheck (being paid every other Friday, with an extra Friday in the month); we are expecting a large tax refund of $7,500; I have several craft shows booked and am budgeting $500 (as most the money I keep in the business); we are getting a check from FEMA for $500 our flooded basement, and I have several babysitting days lined up accounting for another $200.

So, looks like we will be able to finish the Emergency Fund of $30,000 and put another $8,000 into short term savings!! I really can't believe it!

We will finally be able to start saving for college and do some much needed home repairs. The Dave Ramsey Plan really works!!! :)

Wednesday, April 7, 2010

Well, I'm embarrassed to say that I have not been paying attention to our finances lately. I have definitely sort of reverted to the old ways. We have a good amount of money in our checking account and I have just been using my debit card willy nilly. This does not feel good.

Our Emergency Fund is substantial, but not complete. I have not looked at our budget in weeks (maybe months?).

I could make excuses and say that life has been busy - and it hasbeen, but when is it not? I have spent a lot of time applying to Craft Shows and focusing on my pendant business (which is going well), but a lot of people work full time and manage to handle their finances. I need to get back on track.

I remember someone saying that Baby Step 3 (Finishing the Emergency Fund) is even harder than Baby Step 2 (Getting Out of Debt) - and when I was in BS2 I found that hard to believe, but now that I'm here in BS3 I think they might have been right.

Looking forward to re-focusing and catching up on my PF Blogger friend's blogs for some inspiration!